SynFutures expands its Perp markets to grassroots with new Memecoin initiative

Singapore, Singapore, 19 June 2024, Chainwire

SynFutures, the main DeFi derivatives protocol, immediately introduced plans to broaden into Base, Coinbase's L2 community. To mark this milestone, SynFutures is launching “Meme Perp Summer time,” a six-week marketing campaign aimed toward increasing its neighborhood asset lists and rewarding meme communities that drive natural traction on Base. With a complete reward pool of USDC 100,000 and future airdrop allocations, this marketing campaign underscores Synfutures' dedication to supporting the expansion of rising token initiatives.

“We’re extremely enthusiastic about our enlargement on Base. This transfer not solely reinforces our dedication to offering customers with distinctive enterprise alternatives, but in addition displays our dedication to supporting and creating vibrant community-driven initiatives,” he mentioned Rachel Lin, Co-founder and CEO of SynFutures.

This extension to Base is a key a part of SynFutures multichain technique for V3. SynFutures, which has seen enormous success since launching V3 on Blast, constantly rating because the primary DeFi derivatives protocol by buying and selling quantity, is now bringing its onchain offender order e-book to Base. In simply 4 months, the Blast protocol has reached almost $100 billion in cumulative quantity, with over 4 million transactions and 142,000 on-chain customers.

SynFutures will proceed to assist Blast whereas increasing its attain and doubling down on its dedication to changing into the go-to vacation spot for buying and selling trending tokens, together with memecoins and altcoins. V3 already helps perp pairs for trending tokens like PAC, DEGEN, YES, WIF and ESE on Blast and now brings this technique to Base.

Memecoin Perp Summer time

Happening from June 18 to July 29, 2024, Meme Perp Summer time goals to focus on and reward rising token initiatives that drive genuine traction and engagement. Chosen initiatives can earn as much as 10,000 USDC from the reward pool, which can be utilized to buy the venture token from their treasury or designated DEX and checklist on SynFutures. Meme buying and selling pairs will likely be quoted towards WETH or USDC, providing further buying and selling alternatives and liquidity.

• Timeline: 18 June 2024 – 29 July 2024
• Reward Fund (NASDAQ:): 100,000 USDC plus future airdrops assigned

Key information:

• June 18: Marketing campaign launch and token venture registration begins
• June 25: Deadline for Token Venture Enrollment and Notification of Eligible Tasks and Award Allocation
• June 26: Eligible token buying and selling pairs listed on SynFutures with a one-day unique promotion on our social media channels
• July 29: Tentative finish date for the Meme Perp summer time marketing campaign

Eligibility and Participation: Token initiatives thinking about taking part should have an ERC20 token on Base, an energetic and engaged neighborhood, and a confirmed monitor document of driving traction with no intention of pulling the rug. Key necessities embody:

• 5000 followers on social networks
• Commerce quantity of $100,000 within the final 24 hours
• Common and energetic engagement and actions on social networks
• Buying and selling pairs listed on v2
• Willingness to cooperate available in the market with SynFutures

Token initiatives thinking about taking part in Meme Perp Summer time ought to ship a direct message to the official SynFutures X account, @SynFuturesDeFi. A SynFutures workforce member will reply with a registration kind. The registration course of would require venture particulars, neighborhood metrics and a dedication to fulfill participation necessities.

About SynFutures

SynFutures is a decentralized perpetual futures protocol that immediately facilitates open and clear buying and selling of any belongings and listings. V3 Oyster AMM launched the primary ever unified AMM and onchain order e-book mannequin.

Backers embody Tier 1 institutional traders Web3 Pantera Capital, Polychain Capital, Susquehanna Worldwide Group (SIG), Dragonfly Capital, Customary Crypto and Framework Ventures, and the workforce has intensive expertise with international monetary establishments, fintech and blockchain firms reminiscent of Alipay. , Bitmain, Credit score Suisse, Deutsche Financial institution, Matrixport and Nomura Securities.

For extra info, customers can go to SynFutures: Net | Twitter | Warpcast

ContactCMOMark LeeSynFuturesmark.lee@synfutures.com

This text was initially printed on Chainwire